SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (3802)11/25/1997 3:33:00 PM
From: Big Dog  Respond to of 95453
 
Us.



To: The Perfect Hedge who wrote (3802)11/25/1997 3:34:00 PM
From: Big Dog  Read Replies (2) | Respond to of 95453
 
Seriously--- who knows? There is no logic in this market...only chaos.



To: The Perfect Hedge who wrote (3802)11/25/1997 3:40:00 PM
From: johny  Read Replies (2) | Respond to of 95453
 
Drillers BDI+TCMS Both Recent IPOs (less than a month)

TCMS absolutely stellar earnings out yesterday, an upgrade today , more contracts sometime ago yet continues to be dragged down in a sucky market.

BDI solid earnings sometime ago, and now selling in the 17-18s when the issuing price was $23

Just averaged down on BDI to the low 18s
Holding position in TCMS in the low 21s

Do you have any comments on these two drillers?
These prices (specialy on BDI) are now so low that they are becoming scaring.......



To: The Perfect Hedge who wrote (3802)11/25/1997 4:49:00 PM
From: Ronald J. Clark  Read Replies (2) | Respond to of 95453
 
What OPEC does with its quotas is less important than what OPEC does with its overall production. If all OPEC does is bring its quotas in line with its real current production, the effect won't be great. The fear is that all current OPEC production will remain except Saudi Arabia will increase theirs. If so, Short term problems.

Ron Clark